Wealth Management Partners LLC Increases Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Wealth Management Partners LLC increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,605 shares of the exchange traded fund’s stock after acquiring an additional 2,203 shares during the quarter. iShares Gold Trust comprises approximately 5.6% of Wealth Management Partners LLC’s holdings, making the stock its 3rd largest holding. Wealth Management Partners LLC’s holdings in iShares Gold Trust were worth $12,064,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quadrant Private Wealth Management LLC lifted its position in iShares Gold Trust by 2.3% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock worth $426,000 after buying an additional 195 shares in the last quarter. TPG Advisors LLC boosted its position in shares of iShares Gold Trust by 0.7% during the fourth quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock worth $1,388,000 after purchasing an additional 199 shares in the last quarter. Betterment LLC boosted its position in shares of iShares Gold Trust by 1.8% during the fourth quarter. Betterment LLC now owns 11,021 shares of the exchange traded fund’s stock worth $546,000 after purchasing an additional 199 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in iShares Gold Trust by 0.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 53,600 shares of the exchange traded fund’s stock valued at $2,654,000 after acquiring an additional 200 shares in the last quarter. Finally, Ellis Investment Partners LLC lifted its position in iShares Gold Trust by 1.6% in the 4th quarter. Ellis Investment Partners LLC now owns 16,357 shares of the exchange traded fund’s stock valued at $810,000 after acquiring an additional 257 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.6%

IAU opened at $63.62 on Thursday. The firm’s fifty day simple moving average is $61.36 and its 200 day simple moving average is $55.55. iShares Gold Trust has a 12 month low of $43.24 and a 12 month high of $64.98. The stock has a market capitalization of $46.82 billion, a P/E ratio of -38.57 and a beta of 0.12.

iShares Gold Trust Company Profile

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.